Category: Merchant Accounts
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How Emerging Markets are Driving the Digital Wallet Trend
It’s been suggested that emerging markets could see a major economic boost if they made just one simple change: go cash-less. It’s already happening around the world, and there is good reason to go cash-less. Security Storing cash is risky, especially if you have a lot of cash. In developing nations, one job might lead…
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The Basics of the Payment Processing Landscape
In 2014, and even a bit in 2015, the landscape of merchant processing looked pretty grim. Not a lot was happening at the consumer level, technology wasn’t very compelling and good deals were hard to find. Businesses didn’t have a lot of options when it came to transferring money online, and most just went with…
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8 Ways to fight Chargebacks
Article by Pierre Zarokian. Credit card chargeback fraud is a persistent problem for merchants and can be hard to detect. But there are ways small-business owners can fight back. Fraudulent chargebacks include cases of identity theft and so-called “friendly fraud,” in which a customer deceptively says a product or service was never ordered or was not…
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How Merchant Processing Services are Countering Global Transfer Theft
Summary: Transferring money to another country? You’d best carefully select a merchant service that implements the highest security measure available. One of the most challenging tasks that merchant services must face is the global transfer of money. You’ve heard the stories of fraud, theft, and corruption all over the news, so it’s likely that you’re…
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Credit Card Safety Policies for Your Store
Credit card machines have evolved to provide better security for the payment information passed to and from your bank to a customer’s account. Behind-the-scenes, you don’t really need to do much other than setup the account properly and test it to make sure it works. Still, it’s important to have good security policies you can…
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Know the Lingo: Basic Terminology for Merchant Accounts
When you’re trying to research something new, like credit card processing, you’re going to need some foundation for the lingo so you understand what is being discussed. There are many terms related to merchant accounts, almost too many to list in a single article, so these terms are some of the most important. After reading…
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What the Truth in Lending Act Does
By Phineas Upham If this were 1965, and you were trying to buy a car you might run into some trouble if you tried to buy a car the way consumers do it today. First and foremost, there is no Internet so pricing a car is very different. If you got talked into a loan…
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If Merchant Accounts Confuse You, Read This
Merchant accounts are not an easy business decision to make, and they can be overwhelming for those who are just starting out in business. After all, you’re in business to make something. You’re not a bank and shouldn’t be expected to operate like one. Fortunately, there are some questions you can ask yourself that might…